Explore the top 10 mobility startups in India at the forefront of revolutionizing transportation. From electric vehicles to ride-sharing innovations, discover pioneering companies driving sustainable and efficient mobility solutions across India’s diverse landscape.
1. BluSmart
- Overview: An app-based platform for booking personal transportation services.
- Innovation: Provides an all-electric fleet, contributing to reduced emissions. It offers a user-friendly app for booking rides.
- Impact: Pioneering sustainable transportation in urban areas, reducing carbon footprint, and improving air quality.
| Key Facts | Details |
| Founded Year | 2019 |
| Location | Gurugram (India) |
| Stage | Series A |
| Funding | $142M |
| Investors | Mayfield, Kotak Mahindra Bank, and 199 Others |
| Tracxn Score | 79/100 |
| Competitors Rank | 1 of 20 Competitors |
Also Read : Top 10 HealthTech Startups in India
2. Ola Electric
- Overview: Developer of electric scooters with advanced features.
- Innovation: Introduces features like keyless unlock, cruise control, and proximity unlock. Offers comprehensive customer service through its website.
- Impact: Encourages the adoption of electric scooters, reducing reliance on fossil fuels and decreasing urban pollution.
| Key Facts | Details |
| Founded Year | 2017 |
| Location | Bengaluru (India) |
| Stage | Series E |
| Funding | $1B |
| Investors | Temasek, Matrix Partners India, and 57 Others |
| Tracxn Score | 78/100 |
| Competitors Rank | 1 of 296 Competitors |
Also Read : Top 10 Fintech Startups in India
3. Ather Energy
- Overview: Manufacturer of electric scooters with advanced features.
- Innovation: Incorporates BLDC motors, fast charging, and Li-ion batteries. Offers models like Ather 450X with onboard navigation and an interactive dashboard.
- Impact: Enhances the user experience in electric mobility, promoting eco-friendly transportation solutions.
| Key Facts | Details |
| Founded Year | 2013 |
| Location | Bengaluru (India) |
| Stage | Series E |
| Funding | $445M |
| Investors | Scale Venture Partners, Innoven Capital, and 31 Others |
| Tracxn Score | 75/100 |
| Competitors Rank | 2 of 296 Competitors |
Also Read : Top 10 Agritech Startups in India
4. Yulu
- Overview: App-based self-drive rental platform for electric bicycles.
- Innovation: Uses GPS and Bluetooth-enabled bicycles and e-bikes. Provides an easy-to-use app for rentals.
- Impact: Reduces traffic congestion and pollution in urban areas by promoting the use of electric bicycles for short commutes.
| Key Facts | Details |
| Founded Year | 2017 |
| Location | Bengaluru (India) |
| Stage | Series B |
| Funding | $125M |
| Investors | Wavemaker Partners, DFC, and 72 Others |
| Tracxn Score | 73/100 |
| Competitors Rank | 1 of 15 Competitors |
Also Read : Top 10 CleanTech Startups in India
5. Log9 Materials
- Overview: Provider of power cell battery packs for fast charging.
- Innovation: Develops sustainable energy storage solutions for various applications, including EVs.
- Impact: Enhances the efficiency and reliability of electric vehicles, facilitating quicker adoption of EV technology.
| Key Facts | Details |
| Founded Year | 2015 |
| Location | Bengaluru (India) |
| Stage | Series B |
| Funding | $90M |
| Investors | Sequoia Capital, Peak XV Partners, and 65 Others |
| Tracxn Score | 72/100 |
| Competitors Rank | 1 of 58 Competitors |
Also Read : Top 10 InsurTech Startups in India
6. Zypp Electric
- Overview: Tech-enabled EV as a service and delivery platform.
- Innovation: Offers double battery scooters for rent and services such as last-mile deliveries and rider services.
- Impact: Provides sustainable logistics solutions, reducing emissions from delivery vehicles and improving air quality.
| Key Facts | Details |
| Founded Year | 2017 |
| Location | Gurgaon (India) |
| Stage | Series B |
| Funding | $37.5M |
| Investors | Wells Fargo, Northern Arc Capital, and 145 Others |
| Tracxn Score | 71/100 |
| Competitors Rank | 2 of 33 Competitors |
Also Read : Top 10 LegalTech Startups in India
7. Cygni Energy
- Overview: App-based platform offering smart solar generators and EV batteries.
- Innovation: Develops alternative energy storage solutions for EVs and solar energy systems.
- Impact: Promotes renewable energy usage and supports the infrastructure for sustainable transportation.
| Key Facts | Details |
| Founded Year | 2014 |
| Location | Hyderabad (India) |
| Stage | Series B |
| Funding | $28.5M |
| Investors | IndusInd Bank, Indian Overseas Bank, and 19 Others |
| Tracxn Score | 71/100 |
| Competitors Rank | 1 of 40 Competitors |
Also Read : Top 10 GovTech Startups in India
8. Lithium Urban Technologies
- Overview: Provider of urban electric transportation solutions for corporate customers.
- Innovation: Combines software, fleet/EVs, and charging infrastructure into a comprehensive solution.
- Impact: Reduces carbon footprint of corporate transportation, encouraging businesses to adopt green transportation practices.
| Key Facts | Details |
| Founded Year | 2013 |
| Location | Bengaluru (India) |
| Stage | Acquired |
| Funding | $28.1M |
| Investors | IFC, Unreasonable, and 49 Others |
| Tracxn Score | 71/100 |
| Competitors Rank | 2 of 23 Competitors |
Also Read : Top 10 RetailTech Startups in India
9. Magenta
- Overview: Cloud-based management solutions for EV charging station operators.
- Innovation: Provides route scheduling and optimization solutions for EV transport and delivery services.
- Impact: Facilitates the expansion of EV charging infrastructure, supporting the growth of the EV ecosystem.
| Key Facts | Details |
| Founded Year | 2017 |
| Location | Navi Mumbai (India) |
| Stage | Series A |
| Funding | $56.2M |
| Investors | Morgan Stanley, BP Ventures, and 60 Others |
| Tracxn Score | 70/100 |
| Competitors Rank | 1 of 120 Competitors |
Also Read : Top 10 PropTech Startups in India
10. Ultraviolette
- Overview: Manufacturer of electric motorcycles with high performance.
- Innovation: Designs motorcycles with a range of 130-150km and features like dual-channel anti-lock brakes and interactive dashboards.
- Impact: Pushes the boundaries of electric motorcycle performance, attracting more consumers to the electric vehicle market.
| Key Facts | Details |
| Founded Year | 2016 |
| Location | Bengaluru (India) |
| Stage | Series D |
| Funding | $64.1M |
| Investors | Qualcomm Ventures, Exor, and 25 Others |
| Tracxn Score | 69/100 |
| Competitors Rank | 1 of 187 Competitors |
Also Read : Top 10 FoodTech Startups in India
FAQs on Top 10 Electric Vehicle Startups in India
BluSmart
Q: What services does BluSmart offer?
A: BluSmart provides an app-based platform for booking personal transportation services using an all-electric fleet.
Q: Where is BluSmart based?
A: BluSmart is based in Gurugram, India.
Q: How much funding has BluSmart received?
A: BluSmart has received $142 million in funding.
Q: Who are some of BluSmart’s investors?
A: Some of BluSmart’s investors include Mayfield, Kotak Mahindra Bank, and 199 others.
Ola Electric
Q: What products does Ola Electric develop?
A: Ola Electric develops electric scooters with features like keyless unlock, cruise control, and proximity unlock.
Q: Where is Ola Electric headquartered?
A: Ola Electric is headquartered in Bengaluru, India.
Q: What is the funding status of Ola Electric?
A: Ola Electric has raised $1 billion in funding.
Q: Who are the key investors in Ola Electric?
A: Key investors include Temasek, Matrix Partners India, and 57 others.
Ather Energy
Q: What are the main products of Ather Energy?
A: Ather Energy manufactures electric scooters such as the Ather 450X and Ather 450S, featuring BLDC motors and fast charging.
Q: Where is Ather Energy located?
A: Ather Energy is located in Bengaluru, India.
Q: How much has Ather Energy raised in funding?
A: Ather Energy has raised $445 million.
Q: Can you name some investors in Ather Energy?
A: Investors include Scale Venture Partners, Innoven Capital, and 31 others.
Yulu
Q: What type of vehicles does Yulu provide?
A: Yulu offers electric bicycles and e-bikes for rent via an app-based platform.
Q: Where is Yulu’s headquarters?
A: Yulu is headquartered in Bengaluru, India.
Q: What is the funding amount for Yulu?
A: Yulu has secured $125 million in funding.
Q: Who are the investors in Yulu?
A: Investors include Wavemaker Partners, DFC, and 72 others.
Log9 Materials
Q: What does Log9 Materials specialize in?
A: Log9 Materials specializes in power cell battery packs for fast charging and sustainable energy storage solutions.
Q: Where is Log9 Materials based?
A: Log9 Materials is based in Bengaluru, India.
Q: How much funding has Log9 Materials raised?
A: Log9 Materials has raised $90 million.
Q: Who are some of the investors in Log9 Materials?
A: Investors include Sequoia Capital, Peak XV Partners, and 65 others.
Zypp Electric
Q: What services does Zypp Electric provide?
A: Zypp Electric offers EV as a service and delivery platform, including last-mile deliveries, EV rentals, and rider services.
Q: Where is Zypp Electric headquartered?
A: Zypp Electric is headquartered in Gurgaon, India.
Q: What is Zypp Electric’s funding status?
A: Zypp Electric has raised $37.5 million in funding.
Q: Who are the key investors in Zypp Electric?
A: Key investors include Wells Fargo, Northern Arc Capital, and 145 others.
Cygni Energy
Q: What does Cygni Energy offer?
A: Cygni Energy offers smart solar generators and EV batteries, focusing on alternative energy storage solutions.
Q: Where is Cygni Energy located?
A: Cygni Energy is located in Hyderabad, India.
Q: How much has Cygni Energy raised in funding?
A: Cygni Energy has raised $28.5 million.
Q: Who are the investors in Cygni Energy?
A: Investors include IndusInd Bank, Indian Overseas Bank, and 19 others.
Lithium Urban Technologies
Q: What solutions does Lithium Urban Technologies provide?
A: Lithium Urban Technologies provides urban electric transportation solutions for corporate customers, including software, fleet/EVs, and charging infrastructure.
Q: Where is Lithium Urban Technologies based?
A: Lithium Urban Technologies is based in Bengaluru, India.
Q: What is the funding status of Lithium Urban Technologies?
A: Lithium Urban Technologies has raised $28.1 million.
Q: Who are the investors in Lithium Urban Technologies?
A: Investors include IFC, Unreasonable, and 49 others.
Magenta
Q: What does Magenta specialize in?
A: Magenta specializes in cloud-based management solutions for EV charging station operators.
Q: Where is Magenta headquartered?
A: Magenta is headquartered in Navi Mumbai, India.
Q: How much funding has Magenta raised?
A: Magenta has raised $56.2 million.
Q: Who are some of Magenta’s investors?
A: Investors include Morgan Stanley, BP Ventures, and 60 others.
Ultraviolette
Q: What products does Ultraviolette develop?
A: Ultraviolette develops high-performance electric motorcycles.
Q: Where is Ultraviolette based?
A: Ultraviolette is based in Bengaluru, India.
Q: How much has Ultraviolette raised in funding?
A: Ultraviolette has raised $64.1 million.
Q: Who are the key investors in Ultraviolette?
A: Key investors include Qualcomm Ventures, Exor, and 25 others.
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